In the context of public goods and government efforts to correct market failure, economists may tend to be critical of the Endangered Species Act because:
A) economists don't generally care about the environment.
B) species have no economic value.
C) the Act eliminates many activities that would contribute to the total output of the economy.
D) the Act does not generally provide for a weighing of the costs and the benefits of species preservation.

Question

Quizplus · Accepted Answer

Economists may be critical of the Endangered Species Act because it does not account for weighing the costs and benefits of species preservation. While economists recognize the importance of preserving biodiversity, they may argue that the Act could impose excessive costs on businesses and economic growth without fully considering the value of species preservation.

In the Context of Public Goods and Government Efforts to Correct